Exports of Services (BoP, USD) in Libya

Exports of services as a part of balance of payment reached 0.086 USD bil in 2016 in Libya, according to the National Statistical Office. This is 82.3 % less than in the previous year.

Historically, exports of services as a part of balance of payment in Libya reached an all time high of 0.534 USD bil in 2005 and an all time low of 0.026 USD bil in 1996. When compared to Libya's main peers, exports of services as a part of balance of payment in Algeria amounted to 3.43 USD bil, 13.6 USD bil in Egypt and 3.25 USD bil in Tunisia in 2016.

Libya has been ranked 156th within the group of 162 countries we follow in terms of exports of services as a part of balance of payment, 39 places behind the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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